August 24, 2017

*We have no money to import fuel — Marketers* *Okonjo-Iweala, Allison-Madueke shun Senate summons*

*We have no money to import fuel — Marketers* *Okonjo-Iweala, Allison-Madueke shun Senate summons*

 

Sabinews Morning News Update for May 24, 2015

BillionaireJackpot

 

Oil and Gas

 

We have no money to import fuel — Marketers

There are indications that the current fuel scarcity may not abate unless the Federal Government pays the outstanding N200m reportedly being owed the oil marketers as subsidy claims.

The oil marketers, who confirmed to our correspondent that they had stopped importation, said they could not continue with fuel importation as result of inadequate funds. Read more

Okonjo-Iweala, Allison-Madueke shun Senate summons

Strong indications emerged on Saturday that the Finance Minister/Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, and her counterpart in the Petroleum Resources Ministry, Mrs. Dieziani Allison-Madueke, may not appear before the joint senate committees probing the current fuel crisis, on Monday.

Our correspondent learnt that the two female ministers allegedly evaded the service of the senate summons when the documents were taken to their offices. Read more

 

National

 

Binis kick against demolition of Benin Moat and walls

Binis in Diaspora Organisation (BIDO) has kicked against the proposed demolition of Benin Moat and walls, describing it as an anti-Benin agenda to undermine their cultural values.

The group also threatened to drag Governor Adams Oshiomhole and the National Commission for Museums and Monuments to the International Criminal Court, UNESCO and the Federal High Court, Benin-City, if restitution and restoration is not done before the forthcoming Igue festival. Read more

5 pregnant women, traders injured as ‘miscreants’ storm Onitsha market

No fewer than 30 traders, including five pregnant women, sustained  injuries following an attack by some miscreants who claimed to be road decongestion officials.

The attackers had stormed shops along Sokoto/Haruna Street Onitsha, near the Onitsha main market and allegedly unleashed mayhem on the traders, beating them black and blue in the name of decongesting the streets. Read more

Woman, daughter kidnapped in Ibadan

A gang of suspected kidnappers has abducted one Mrs Opeyemi  Adeniran and her daughter in their residence in Ibadan, Oyo State capital.

The kidnappers were said to have abducted  the woman and her daughter, Oyinkansola, at Plot 4, Lodi 2, Apooyin street, Lodi 2, Academy, Odo-ona Elewe in Ibadan. Subsequently, the Oyo State Commissioner of Police, Mohammed Katsina, formed an anti-kidnapping squad led by Usman Dimka. Some neighbours of the victims said the abductors came around 8pm on Friday. Read more

Delta community awards N85.4 million contracts

The Egbema Gbaramatu Communities Development Foundation, EGCDF, sponsored by Chevron Nigeria Limited in Warri South West and Warri North Local Government Areas, Delta  State, has awarded projects worth N85.4 million to contractors in the area, with a  charge  to the contractors to complete the projects in record  time.

Mr. Jude Ukori, General Secretary, EGCDF, who spoke on behalf of the Chairman, EGCDF, Chief Michael Johnny, at  a  meeting with  the contractors, explained that  the contracts for the projects, which include, completion of  teachers quarters at Polobubou, Makaraba and Kokodiagbene, were re-awarded  after they were revoked. Read more

I am ready to die than be extradicted to the US — Kashamu

Senator-elect, Ogun-East, Prince Buruji Kashamu,  was said to have threatened to kill himself  if  officials of the National Drug Law Enforcement Agency (NDLEA)  forced their way into his house, yesterday, claiming there was a court injunction against the NDLEA’s action. Some of his friends who claimed to have contacted him on phone between 7 and 9 am told Sunday Vanguard that Kashamu said he would remain indoors till Monday. Read more

Military Training, Security Top Agenda as Buhari Meets Cameron

Training for the nation’s armed forces, security and the need for regional cooperation to tackle insurgency in Nigeria, formed the crux of discussion when the President-elect, Muhammadu Buhari, met British Prime Minister, David Cameron at his official residence at 10, Downing Street, London.

Buhari left Nigeria on Friday, on a private visit to the United Kingdom, ahead of his inauguration scheduled for this Friday, May 29. He held talks with Cameron yesterday and it was gathered that the duo discussed the threat posed by militant group, Boko Haram, ahead of the Buhari’s inauguration. Read more

UN chief urges Nigeria to help Boko Haram victims

United Nations (UN) Secretary-General Ban Ki-moon wants Nigeria to step up medical and psychological aid to survivors of Boko Haram attacks and victims of rape.

Nigeria’s military, backed by its neighbors, has liberated a series of towns from Boko Haram control in an operation launched in February. Read more

Nigerian airlines cancel flights amid fuel crisis

Nigerian airlines have grounded flights and radio stations were silenced as a months-long fuel shortage aggravated by striking oil tanker drivers worsened in Africa’s biggest oil producer.

Vehicles also were grounded. Normally bustling roads in Lagos, a metropolis of 20 million, were half-empty and gas stations closed on Saturday. Read more

APC Crisis Deepens as Youth Forum Rejects Lawan

The crisis rocking the All Progressives Congress (APC) over the election of a Senate President has taken a turn for the worse as some members of the party Saturday rejected the alleged adoption Senator Ahmed Lawan as consensus candidate.

A statement signed by APC Youth Forum PRO, Olu Onemola said Lawan who is from the North-east cannot be adopted as party’s consensus candidate after the national working committee (NWC) of the party zoned the Senate Presidency to the North-central where Senator Bukola Saraki comes from. Read more

Council Hails Upgrade of Four Colleges of Education to Universities

The Chairmen of Governing Councils of Federal Colleges of Education (CoEs) in Nigeria have hailed the decision of the Federal Government to upgrade four CoEs to Universities of Education, describing the development as response to the yearnings of the people.

The institutions: Alvan Ikoku College of Education, Owerri, Adeyemi College of Education, Ondo, Federal College of Education, Zaria and Federal College of Education, Kano are now Federal Universities of Education after approval by the Federal Executive Council (FEC) on Wednesday. Read more

READ  USAID to support FG in fight against poverty with $93m

Heavy Rains, Low Turnout Mar Rivers Council Election

The heavy downpour which hit most parts of Rivers State on Saturday morning may have been responsible for the low voter turn-out which trailed the controversial local government elections which held in 22 of the 23 local government areas of the state.

The rains began at about 8.30am, about 30 minutes to the start of accreditation, and lasted till about 11 am in Port Harcourt and its environs. However, when the rains subsided, most people were seen going about their private business instead of going to the polling stations. Read more

I lost six children to lead poisoning – Farmer

Residents of Shakira and Angwan Kawo communities in Rafi local government area of Niger State were predominantly farmers in the past years.

Just like Nigeria abandoned  agriculture  for oil, the people of the two communities also abandoned farming for illegal mining. Read more

Armed robbery suspect arrested on wedding day

Oyo State Police Command arrested a suspected member of a robbery gang on his wedding day.

Olumide Asiyanbi, 42, told newsmen that nemesis caught up with him when he was at the registry to sign the dotted lines. Read more

 

Economy

 

Iran seeks ties to boost Nigeria’s power, air transportation sector

The Islamic Republic of Iran has disclosed plans to deepen its bilateral relationship with Nigeria through a new Iranian policy that will foster economic cooperation and trade development between both countries.
Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, who stated this on Thursday at a breakfast meeting on the 1st Solo Iran Exhibition in Nigeria, said his country was willing to expand business opportunities and promote its development capabilities in the fields of air transportations, power building and construction, oil and gas, pharmaceutical and manufacturing. Read more

‘Single currency exchange good for Nigeria’

The single currency exchange agreements among ECOWAS countries will boost Nigeria’s economy, the former chairman, Nigeria Economic Summit Group (NESG), Sam Ohuabunwa has said.

Speaking with The Nation in Lagos, Ohuabunwa said the country stands to be a major beneficiary because a lot of trade that are going on within the ECOWAS countries is driven by Nigeria. Read more

CBN: Banks’ Credit to Domestic Economy Hit N18bn in February

As the prospect of an increase in bank lending activities rose last week, the Central Bank of Nigeria (CBN) has put the aggregate banking system credit to the domestic economy at the end of February at N17.724.5billion, rising by 2.6 per cent, on month-on-month basis compared with the growth of 7.1 and 0.6 per cent at the end of the preceding month and the corresponding period of 2014, respectively.

The apex bank explained that the development reflected, largely, the 2.5 per cent increase in (net) claims on the private sector. Read more

5-Year Import Ban on Rice Could Earn Nigeria $2.6bn Annually’

Former minister of commerce and industry, Charles Ugwuh at the weekend called on Nigeria to place a five-year import embargo on rice, saying within such timeframe, the country could concentrate efforts on in-country production, displace imports and save $2.6 billion spent annually on rice imports.

Ugwuh who served under late President Musa Yar’Adua and was once president of the Manufacturers Association of Nigeria (MAN) stated that during the five-year period of ban, the Nigerian Customs Service (NCS) should also be mandated to protect the nation’s indigenous rice industry against smuggling. Read more

IIPELP: Nigeria Risks Bankruptcy on Account of Petrol Subsidy

Harsh details of what may become of Nigeria’s economic situation if her government continues to subsidise importation of petroleum products under the Petroleum Support Fund (PSF) scheme were at the weekend revealed by the International Institute for Petroleum, Energy Law and Policy (IIPELP).

IIPELP, a think-tank that provides institutional and structural support to the energy sector in Africa and Nigeria warned that the country stands the risk of bankruptcy in a matter of months if it continues to regulate domestic price and consumption of petrol by her citizens. Read more

Okonjo-Iweala: Jonathan Incurred $21bn of $63bn National Debts

Coordinating Minister for the Economy (CME) and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Saturday put the nation’s total debt stock at $63.7 billion, which encompasses multilateral as well as domestic loans by successive federal and state governments since 1960. She said that of this figure,  $21.8 billion was incurred under the outgoing government of President Goodluck Jonathan.

Her disclosure is coming on the heels of remarks by Vice President-elect Yemi Osinbajo that the outgoing administration of President Jonathan will be leaving a huge debt of $60 billion for the incoming administration of Muhammadu Buhari. Read more

 

Sports

 

Canada, Super Falcons to Clash Tomorrow

FIFA Women’s World Cup hosts Canada will face the Nigeria senior women national team on Monday.

The Canadians who returned to their base on Thursday from training tour of Europe, announced the friendly match with Nigeria will be played behind closed doors at the Tim Hortons Field in Hamiton. Read more

Iheanacho fires World Cup warning

Nigeria starlet Kelechi Iheanacho fired a serious warning to other teams at the U-20 World Cup in New Zealand after he fired a brace to help Manchester City U21s dump Manchester United 3-1.

The World-Cup-bound forward scored the equaliser for the Patrick Viera-coached side in the 55th minute with a goal of individual brilliance after he turned his marker before he slotted the ball into the bottom corner of the net. Read more

Illness Sidelines Mfon Udoh from Eagles’ Camp

Following an illness which sidelined him from Enyimba’s mid-week game, Mfon Udoh has been released from the Super Eagles camp.

As a result, the striker will not be a part of the team’s training for next month’s AFCON 2017 qualifiers against Chad, unless he gets better, according to team coach Stephen Keshi. Read more

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Siasia Invites 30 for Olympics Qualifier

Head Coach of the U-23 National Team, Dream Team, Samson Siasia has released a list of 30 players who will kick-start the team’s camping programme ahead of the qualifying fixture for the African U-23 Championship against the winner between Ghana and Congo, in July. Ghana and Congo will clash in Accra this weekend and the winners over two legs will battle Nigeria for a place in the final qualifier scheduled for Senegal in December.

Familiar faces Capt Erhun Obanor, Oduduwa Segun,   Sincere Seth, Emmanuel Daniel, Abiodun Akande, Oghenekaro Etebo, Usman Mohammed and Junior Ajayi are joined by exciting new faces Aniyikaye Adeleye,, Ekpo Daniel and Daniel Etor. Read more

 

World News

 

Ethiopia votes with ruling party set to return

Ethiopia, Africa’s second-most populous country, holds its first general election on Sunday since the death of strongman Meles Zenawi, whose successor Hailemariam Desalegn is all but certain to stay in office.

Over 36.8 million Ethiopians have registered for Sunday’s polls, but analysts say the election falls far short of open competition. Western observers were not invited and the opposition alleges the government has used authoritarian tactics to ensure a poll victory. Read more

Burundi opposition figure shot dead in capital

The leader of a Burundi opposition party was killed Saturday by unknown assailants in the nation’s capital, Bujumbura, local media reported.

Iwacu, a prominent news organization in Burundi, reported on its website that Zedi Feruzi of the UPD-Zigamibanga party was slain late Saturday in a drive-by shooting in which at least one of his bodyguards was also killed. Read more

Ghana’s cedi eyes new lows

The cedi hit new lows this week and could remain under pressure as dollar demand continued to outstrip supply. The USD/GHS broke the 4.0 resistance on Tuesday, and traded at 4.0100-4,0300 at 1030 GMT from 3.9350-3.9750 last Thursday.

“Not much inflow is anticipated within the remaining parts of this week and next week and for this reason the pair will continue to trade in the same direction, resulting in further losses for the GHS,” Kwabena Yeboah of the Accra-based Dortis Research said. Read more

Libya arrests 600 Europe-bound illegal migrants

Libyan authorities on Saturday (May 23) arrested about 600 illegal migrants from African countries who were planning to sail to Europe, a coastguard official said. The migrants were rounded up during a huge crackdown in the Tripoli region during which telecommunications equipment was also seized, the official told AFP.

Hundreds of those who had been rounded up were seen sitting on the ground outside a detention centre in Tripoli, as authorities distributed food and drink. Read more

52 dead in China floods, including 2 kids on overloaded bus

The death toll in China’s latest round of flooding has risen to at least 52, including two schoolchildren aboard a bus carrying more than twice its authorized passenger load that plunged into a pond, authorities said.

At least six other people are missing in floods that have ravaged mountain districts of six provinces and autonomous regions in central and southeastern China. More than a quarter-million people have been moved to temporary shelters, and major damage has been inflicted on buildings and crops. Read more

Thousands flee Nepal landslide

Thousands of people have fled villages and towns along a mountain river in in north-west Nepal after it was blocked by a landslide that could burst and cause flash floods.

The landslide created a dam and a lake 1.2 miles long on the Kaligandaki River and people living on the banks were moved to higher ground for fear the river could burst and send flash floods through the area north of Beni Bazaar, about 125 miles north west of the capital Kathmandu. Read more

Tony Abbott flags new laws to crack down on foreign fighters

Tony Abbott has foreshadowed new measures to crack down on foreign fighters, releasing a video message promising the government would do “everything in our power to protect our people and to stop radicalised and brutalised people from roaming our streets”.

The government is expected to introduce legislation when parliament sits this week which would remove Australian citizenship from dual nationals. Read more

US police officer cleared of unarmed black couple deaths

A Cleveland police officer who climbed onto the hood of a car and fired repeatedly at its unarmed occupants has been acquitted of manslaughter charges by a judge in the United States.

Timothy Russell, 43, and Malissa Williams, 30, died in a barrage of bullets fired by 13 officers in a car chase. Read more

Burmese women could be forced to have fewer children under new law

Burma’s president has signed off on a law requiring some mothers to space their children three years apart despite international objections that it could be used to repress women and minorities such as the Rohingya Muslims now fleeing the country for other parts of south-east Asia.

The population control health care bill — drafted under pressure from hard-line Buddhist monks with a staunchly anti-Muslim agenda — was passed by parliamentarians last month. Read more

Ireland gives resounding 62.1 percent ‘yes’ to gay marriage

Irish voters have resoundingly backed amending the constitution to legalize gay marriage, leaders on both sides of the Irish referendum declared Saturday after the world’s first national vote on the issue.

As the official ballot counting continued, the only question appeared to be how large the “yes” margin of victory from Friday’s vote would be. Analysts said the “yes” support was likely to exceed 60 percent nationally when official results are announced later Saturday. Read more

Man, woman and girl found dead in a house in Oxfordshire

A murder investigation has been launched after a man, woman and girl were found dead by police.

The three bodies were discovered in a house in Didcot, Oxfordshire, after officers were called by a member of the public on Saturday night. Read more

 

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